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happening in the background like the transition of the different payroll tax incentiv incentives. the tax and treasures office is beginning their implementation but the basic concepts are we we need to help business prepare for a transition. so in your binder is a - is information that we've put together so that if i go to a business association that i hand this out to walk them through. some of this i'm going to highlight on some of this. let's go to the first slide. next thank you. so as your well aware that now we have a 1.5 percent payroll for businesses in the city that have payroll over $250,000 i should say 2 hundred and 50 thousand one dollars. of a business is under 2 hundred and 50 thousand they don't pay the payroll taxed. so the grois receipts will phase over a 5 year period starting the tax year of 2013 so next year. and this phase is is to low both businesses and the city to have a smooth transition so that if for any reason the gross receipts is not bringing in as much money we are operating as a deficit but it the gross receipts is coming in a herself we might phase in in
better get used to that. >> so this is still a fight between how much spending cuts and how much taxes. the president got his -- >> well, simpson 3w0-bowles sai let's get rid of the high tax rates. the president doesn't want that. you had $1 trillion in tax increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw ma
the class war issue on taxes, which romney was not able to rebutt or make the argument for. look, let's be honest about this. romney was a man who spoke conservatism as a second language. you remember in one of the primary debates he wanted to show up as conservative as he was and he ran a severely conservative administration as governor of massachusetts. severe is a word you associate with head wounds and tropical storms. [laughter] >> not with the government. he had trouble making the case. we have a strong bench, half of whom is here at your conference, young governors, ryan, we have rubio in congress, a whole slew of gun governors, a generation who is adept, you could say marinated in conservative philosophy. thinking very deeply about a new kind of conservatism but they for their own reasons, some personal, some they were simply too new and young and raw, weren't quite ready to not run. we had a weak field in the primaries, extremely weak, of whom romney was obviously the best and only possible presidential candidate. you he was -- but he was weaker than the ones sitting on the b
in tax credits and policies of the public utilities commission to favor alternative energy, independent power production. which is obvious today. when they promoted code- generation it was something very novel. 30 years ago. now you have a different name for a period in his third party power production using power in a driving way to recapture the most efficient way. innovation is important. i have to also, every time we heard the word innovation, i have to put a plug in for tradition. i have a very traditional education. i spent a lot of years in silence speaking latin up in the hills, living within the medieval framework. i do respect the past. we study it. if you are grounded in tradition, you feel quite confident in change and innovation. if you are insecure, you are very reluctant to embrace the unknown. i do think we need to in our education and politics, we have to have a new appreciation for our traditions and the patterns that describe our culture and our being as americans. having said all that, we have saved in california tens of billions in energy efficiency. when i first ad
. when i came into office the governor and general assembly without my support passed a large income tax increase here in the january of twe ven. the sad thing we're now two years into the income tax increase and they raised money and not respond to the problem. i think this year, this spring session of the general assembly it will finally come home to reality. not only downgrades, moody's, fitch and standard have eight watches, warnings or downgrades since the income tax increase has gone into effect. what comes next the fiscal year fourth four, natural revenue growth from illinois coming from sales tax, gaming without tax increases is $600 million. but the reality of the amount of increased payments into the public pension systems is $945 million. i think they will have to deal with this $345 million spread. reality is --. melissa: dan, i applaud your optimism you think this will finally be the come to jesus moment where they realize there is huge problem but i don't know that is necessarily the case because we see california going down the same road. seems like politicians almost neve
to raise tax rates. a lot of the democrats i talked to and even the white house said they are willing to do tax reform where there could be additional revenue. are you opposed to any additional revenue that could come from tax reform? >> we offered that back in the fiscal cliff negotiations. the president got his additional revenues. that's behind us. those higher revenues occurred, and now we need to focus on getting spending down. >> here is the leverage question. senator schumer said we didn't just get our revenues. we got some. there has to be more that are part of it. the president will say that. so as you are -- >> are we for more revenue? no, we are not. >> even if it's from tax reform? >> if you keep raising revenues, you're not going to get different tax reform. i know you didn't want a chart, but i'm kind of a chart guy. this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going
. >> taxing people that have a lot of money is not unfair. we don't need people to be as rich as they really are. john: for the record, bush did spend an astounding $3 trillion per year, but obama spent 3.8 trillion per year so far, and that is adjusted for inflation. so obama spent 25% more. but they don't believe that. they think it's all bush's fault. >> it's a special kind of kool-aid, it is half worship ms. with dilution -- mixed with dilution. look at the threats that are happening in this country? john: i hope we would learn from what happened in greece. but as of this week, no longer do because the reaction of people in greece is not to say we messed up, we spend too much, it is to be angry about the politicians who want to cut back. and how do they take it out, they bombed the homes of tv commentators who support this. so that is a model for us? >> unfortunately that is the road we are headed down. i live in california and we see it coming faster. we shouldn't be that close to greece being on the opposite coast, but we are. john: another model for failure. >> he said i was a model a
to your attention last fall san francisco voters passed a tax-change measure. and the mayoral spokesperson in a later article indicated there likely could be more money from this new local tax measure that replaced an outdated one. to the extent that the office of disability, department of aging and adult services and mod can monitor the income from this new tax, i'm going to suggest that some of that extra money could be devoted to restoring some level of the cutbacks already made locally. but statewide is the larger issue. that is where the major changes have come. so i also wanted to alert you to a program called "a california budget for all of us." it's convening groups include well-known groups like the western center on law and poverty, health access, the california partnership, and the california immigrant policy center. the mantra is "restore, rebuild and reinvest." so this advocacy will be taken up by various groups including the california alliance of retired americans. there are four polices that are coming from this california budget for all of us. four polices for the coming
through taxes in addition, there is no pressure on them to really cut. they really control wall street. it's not that money controls washington. washington controls the money. they have industrial logic to this business model just like any other business model. that is to extract power from the rest of the country into money into centralized location which is washington. >> you mentioned in your piece, peter about maserati and fine wines and exclusive restaurants and home prices, et cetera, are these government employees that buy the maseratis? >> it's probably not government employees. it's people that influence government policies. so it's people like lobbiyists. people who ho run contracting firms. only business or customers is the federal government. it's money that gets sloshed around in all those different ways. the reality is that, you know, i lived in washington, d.c. in the 1980s, it was really kind of a middle class town with some wealthy areas. it's a completely different place now. and part of it is the size of the federal budget has grown enormously. and, of course, they take
a healthy state funded by 80%, but the plus side if they have an unlimited ability to raise taxes. it was really written in there. they can go ahead and tax away to solve the problem. has that worked for california? a limited ability to solve this pension problem. what do you think? >> in california we are very excited to not be the worst anymore. running around the state capital building we are 49. that is at least good news for us. raising taxes now that the marginal tax rate is topping up 13.3% for the richest californians there: accountants in droves finding ways to move their money and we are looking at unfunded pension liability maybe not as bad off, but $181 billion? melissa: i love you, jonathan, but he was so entertaining. going on to say they believe legislative consensus will be difficult to achieve given the poor track record of the past two years. in other words, may have the ability to tax until kingdom come but i don't think they will reform the pension, which they raised taxes in the past and they didn't spend the money to fix the problem. they just spend it. jona
of trillions of dollars of tax payer money that floods into this city every year. >> while one out of every 6 americans worries about where their next meal is coming from, washington, d.c. has the highest rate of fine wine consumption in the united states. while one out of four americans has a mortgage that is under water, seven of the ten wealthiest counties in the united states are counties around this region. washington, d.c. now has the highest per capita income in the entire united states. they just passed silicone valley. >> you are going to discover that washington, d.c., a town that used to be a town of sleepy bureaucrats is now a town of moz ratty deal moz rot at this deal fine wine luxurious homes and luxurious shops. it's a washington, d.c. a lot of people never see when they take their tours or go to the museums. it's the washington, d.c. that respects the reality of our country today. >> the great american writer f scott fitzgerald once wrote that the rich are different from you and me. america's previous boom town became wealthy because they produced something. san francisco dur
of the things that we were determined to protect in that debate was the new markets tax credit, something that has benefited some of these kinds of initiatives throughout the country. so whether it was long ago and the low-income housing tax credit of which mercy housing has participated in over and over again and the new market tax credit, one of the current versions of the story. or the section 8 vouchers or the rest of that, public policy has played a role. but we can only be successful in achieving the funding for that public policy if we have examples of national significance to say this
and real estate taxes are combined in one monthly figure. and what the number? including made service twice a day. and all of the other amenities which come with this, which include a spa. >> maybe up into the 50s. >> a little under $60,000 a month. >> that actually very reasonable. >> yeah, very reasonable. with maintenance fees, that around $720,000 a year. include care takers, your insurance, cleaning staff and more. and it probably cost around $1 million a year, just to keep the lights on in this apartment, in the historic sherry ledgerland building. maintenance fees are popping up all over high end in new york city. if you bought a 1200 square foot condo, that will cost you around $2,000 a month in maintenance fees. on top of mortgage and utility. what do you get for that $60 grand at sherry netherland. made service, restaurant downstairs, should be all you can eat for that amount. el rater operators. and three private elevators. to see more of the $95 million mega mansion and go one on one with dolly lands, and secret lives of the super rich meg why home. it is a great show. >> i know
the earned entitlements like payroll taxes for medicare and social security are putting you in a taker category. no one suggests that whatsoever. >> jon: when you were saying takers you don't mean sweet old grams you mean hobo joe. i got it. but here is the thing: back in 2011 congressman paul ryan was pretty specific about how he defined taker. according to the tax foundation between 60% and 70% of americans get more benefits from the federal government than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous 47% taker to maker ratio.
have to connect the tax collector. as they scroll down you'll see the permits and licenses you'll need. f a business property register. public health, department of pickup health has any requirements as well as if you locate your truck on a piece of private property i have to interact with the planning department. so all these permits are all listed here and when the yours concludes on view details they'll see what they need to complete and the fees. i can download the form. this is our tax collectors application. and i can go back to the full report to see the rest of the forms with the county there's a fictitious business licenses we are providing information for the state and federal government whatever it's applicable. and some of the other things that are unique to starting a business in san francisco. for example, let's see someone wants to do a consulting business there are certain rules and guidelines to starting a business in your home. we've made easy links so the users can find it easily. building permits should they do any construction work or wait water charges >> and the
, property rights. we need greater transparency about land ownership, companies, and tax. these are all argument that britain will be pushing in the year ahead. >> and the prime minister confirm that his government are the first for 30 years not to offer hardpressed consumers a government funded energy efficiency scheme, following the closure of warm front last week? >> note. the ego-scheme which is many times the size of the warm front scheme, it has helped 80,000 families a year, but ego could help out of 230,000 families a year, so it is bigger and potentially better. >> what assessment has the prime minister made of unemployment in my constituency, particularly the fact that more women are in more than ever before? >> the point he makes is absolutely right. there are more people employed in the private sector than ever before. there are also more women employed in our country than ever before. and we look at the unemployment figures that came out today, but we see that what is remarkable is that employment is up in almost every region and unemployment is down and almost every region
was 87 years old. >>> and a proposed gas tax hike in maryland and a redistricting controversy in the commonwealth. we'll be right back. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> the news at 10 returns with lots of hot topics in politics. voter redistricting in the commonwealth and another gas tax hike in maryland. mark plotkin joins us. thank you for being here. >> good to be here. >> accusations that senate republicans pulled a dirty trick to get the redistricting measure passed. tell us about that. >> this has to do with state legislature in virginia and most states draws the lines. only supposed to be done once every 10 years and republicans who are tied wit
tax illinois, he owes even more to the state. maybe he should do a mickelson and move. yes, the tax refugee story will not go away. news this morning, that france's richest man is leaving and taking his wealth with him. arno is doing a depardu. t the wall street journal calculates tiger woods saved 100 million dollars over the years he moved to no tax florida. back to that one-shot $75,000 winner he lives in illinois which has just been downgraded. even though the state income tax has gone through the roof and chicago is concerning lifting, shifting its retiree health costs on to you, the federal taxpayer. can you say obama bailout? yes, we can. "varney & company" is about to begin. houting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> we have for a long time on the program and now the all-time high for the dow is in sight. clear sight. the record is 14,163.
the taxes that support government expenditures. they paid premiums through their employers for health coverage. they forgo wage increases that could be much higher if health costs were not growing as fast. they believe are the beneficiaries of the whole two trillion dollars in the end. we are not talking about the blood in the streets. people fighting over dwindling -- over a dwindling pie. i would posit that only in health care what the growth from two 0.9 trillion dollars in 2013 to 5.1 trillion dollars in 2023 would be referred to as a shrinking pie. there will be plenty of resources flowing into the health-care system, just not quite as much as would be flowing if nothing was done. we are talking now to give you some sense of the magnitude of this. we are talking about the .rojected health policy twee if you say two trillion dollars in that growth, you would be reducing health spending to only 40 trillion dollars over the next 10 years. you would be cutting the growth in health spending from an estimated 90% under current policy to only 75% over the next two -- over the next 10 ye
in louisiana including the tax reform he's just launched in the past few weeks, what he's doing is trying to think about how at this moment at a time when globalization's putting enormous pressures on working class voters, at a time when the economy is going through a very complicated, difficult moment when it's not clear how to get back to growth, he's thinking creatively about how to use the strength of his state to build on its weaknesseses. and i think at the national level that's what conservatives have to do. to some extempt, it's being done. i would say the policy agenda that has to come at the end of that conversation is not fully worked out by any means, but the questions are being asked. i think the direction of thinking has been helpful even in the wake of the election. if you listen to what people like marco rubio or paul ryan have been saying, it's different from what they themselves were saying six months ago, a year ago. i think the focus is turning to the right place. that doesn't mean that he'll persuade the public, but it certainly helps to ask the right question if you'
-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have clean water because we're investing in it now. hunter: there were no alternatives. the infrastructure was in dire straits. a lot of people didn't want to believe it had to be done, but it had to be done. what came out of those lawsuits by the upper chattahoochee river keeper were two consent decrees, focused on overflows. the intent is, city of atlanta, you need to keep the flows in the pipe. narrator: with the help of the funding the city raised, atlanta has been implementing an asset management plan that evaluates and addresses their infrastructure issues. hunter: it's a continuum. at one end, you have your regular maintenance that you do every day on the system, and at the other end, long-term planning so that every year we're repairing, replacing the right things, and we don't have to do it all at once, which is,
in preserving the program. we know we have a huge champion in you as we look at tax reform, we're confident that you will be with us on that issue. we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green this project and make them the most environmentally sustainability program. they are a huge partner with us nationally and with all the communities and the work that they do across the country. so thank you stephanie and liz. [ applause ] we have two different banking partners on this project that have combined to lend over $22 million to the construction loan on this project. citibank and silicon valley bank. merl is around. former mercy employee, als
greater tax equity, a campaign against tax havens and tax evasion'ns, a clawing back against the prices we have seen rising, and more measures to rein in the financial sector. will it be a winning formula? we will have to see what the voters say. >> one of the world's richest man and a philanthropist, bill gates was -- bill gates, was there. what did he have to say? , he pointed out that germany, like many other european economies -- >> he pointed out that germany, like many other european countries, as failed in its pledge to contribute 0.7% of gross thomistic product to development programs. >> we will be back in one minute. >> welcome back. more trouble for angela merkel 's coalition partners, the free democrats. in addition to lagging in the opinion polls, now they are facing allegations of sexism. >> the parties lead candidate in this autumn's elections, rainer bruderle, is accused of making inappropriate comments to a female journalist. >> the case has triggered a national debate on how sexism persists in german society. >> rainer bruderle is not talking to any journalists at the mom
criminal background to register with the government, pay a fine and back taxes. congress has not attempted to overhaul the nation's immigration laws since 2007. republicans rejected a bill that george w. bush supported because it was amnesty. senator john mccain is behind the latest plan. he says the gop should help it become law in order to win over hispanic voters. >> look at the last election. we are losing dramatically the hispanic vote which we think should be ours for a variety of reasons. and we have to understand that. >> reporter: tomorrow, president obama is traveling to las vegas to lay out his vision for immigration reform. danielle nottingham, cbs news, washington. >>> so, do you have super bowl fever just yet? still ahead, california senators start making bets. what's at stake besides the lombardi trophy. we're in the big easy ahead of the big game. do you know the proper way to say new orleans? the locals will let us know next. >>> hi, i'm meteorologist lawrence karnow in the cbs 5 weather center. starting out a little chil
. since pretty much this property in 2002 i have paid the city of $70,200,000 in property tax. to put a human face to this project i ask for your help in minor changes. let me state that i'm in favor of the 75 percent of the upgrades. most of the project will be positive for the neighborhood it will attract people that will pay property taxes. however, the staff minus protection us. i've submitted to the projects owners many times and i've let them know about the privacy and noise issues that would be significant depending upon who the new owners are. the develop or so have offered one take it or leave it so far as the roofline. i've been available and willing to discuss changes since my filing in early october and i've had no responses. the develop or so only want to appear to be cooperative at least on face value. and to den my d r i ask that the commission persevere some of the issues here. in order to maintaining some of the lighting i'm asking for a suicide and - on the second floor addition extending into the garden be moved back a few feet. this would only be asking for a littl
see anything different. a lot of revenue and cash was earned due to taxes coming up. so people front loaded earnings, cash money, liquidity that were currently enjoying. but i'm not quite sure we didn't steal from this year and as the year wears on whether that's going to be an issue not going forward. >> you're saying there were so many expectations that we took them from the future and perhaps things slow down later on in 2013? >> i do believe that's a risk factor. and i think also it will depend on what comes out of washington with respect to structure reform in a number of areas too. you know, at the end of the day, we just don't see the base revenue growth on a really exciting basis going forward. we have hints of it, but we're not there yet. companies aren't truly spending. they're still sitting on cash. they paid a lot of dividends last year. they're not hiring people right now. and there's a lot of wait and see. what's the environment going to look like before businesses really get aggressive in business development. i think that could weigh in going forward. the other would
a background check and pay a fine and back taxes before gaining legal status in the united states. all that is contingent on securing borders. the proposal provides for increased use of drones, more personnel and improved infrastructure and it would create an employment verification system and improve the process for admitting needed workers. cnn chief congressional correspondent dana bash and cnn chief white house correspondent jessica yellin are working the story. dana, the tone was pretty optimistic up on capitol hill today. >> it sure was but, you know, we have seen this movie before, you and i, wolf, and a lot of other people watching this issue go kind of up and down with the partisan wins. but this is something that is different this time. because of something very simple. and that is what happened in the last election to republicans. particularly mitt romney with the latino voters. he lost big time. and that's why when i asked senator mccain and others who were standing right here where i'm standing, half a dozen years ago, why this is different, that's why they answered that w
it and paying property tax for seven years. surprisingly, neighbors are not happy. there have been so many foreclosures. there has been a loss of control of property. happy.is a lot of money to live on the street. bank of america owns the property. has filedsay the bank paperwork to get him removed from the property. just a matter of time. experts say anyone can take advantage of the so-called adverse possession law. it is legal in all 50 states. >> interesting. >> property tax is in that much in many places. >> smart move. i like it. >> brilliance. >> more optimistic and here. the weather. it is going to get a lot better. tuesday and wednesday, it is really going to warm up. earlier, we could see the moon. now the clouds of moved in. 32 degrees right now. are critical at hour and will remain so as we move through the overnight early morning. 38 degrees at reagan national. broke the streak of temperatures below freezing. it is 26 and rockville. they had a high today of the g5. over two fairfax, looking at 30 degrees. in upper northwest d.c., the problem.ot much of a hour.round five miles p
transparency about tax. these are all arguments britain will be pushing in the year ahead. >> can the prime minister confirm he is the first government for 30 years not to offer hard-pressed consumers a government-funded energy efficiency scheme following the closure of -- last week? >> the eco-scheme which is many times the size of the warm front scheme him a warm front helped 80,000 pounds a year, eco-could help up to 230,000 families a year. so it's a bigger potential at a better scheme. >> what assessment has the prime minister made of unemployment in my constituency? in particular what assessment has he made having more women in work ever before? >> the point the honorable gentleman makes is absolutely right. there are now more people employed in the private sector than ever before and are also more women employed in our country than ever before. when you look at the unemployment figures that have come out today, what is remarkable is that employment is up in almost every region and unemployment is down in almost every region. there's a huge amount more to do but clearly over 500,000 n
documents, even if it's illegal. take this ad offering proof of income packages, pay stubs, even tax returns, all counterfeit. so we ordered documents for a person who doesn't even exist to make it look like he had a real job with a real income. we were directed to pick up the documents in a new york suburb. >> hey. how you doing? >> i'm alana martin. >> a woman who said her name was alana martin is waiting for us and hands over the fake paperwork. alana's work is quite impressive. the documents she created for us made it look like we worked for time warner, making $165,000 a year. she also made us a fake w-2 to make it look like we pay taxes. >> you might want to count that out. >> by the way, making these documents is a felony. yet alana says business is good. >> what kind of clients you got? >> a few people hit me up a day. >> if we needed other kinds of fakes, like diploma as or college transcripts, she says there are web sites out there that can help us. >> so you can get harvard. >> not anything medical or legal. you can't be a lawyer or doctor. >> is it the real harvard thing, though?
to do to get a path? >> they have to pay back tax and have a noncriminal record. they hto be able to understand and study history. they have to get in line behind everrone else. they will be grantedded legal stall us but they get behind everyone else who has waited legally for green card status. >> and military service? anyone think about requiring a year or two of military service? >> if the military could use people for a y or two could be in ou minute enlistment is four but there is a proposal one dream act to acrate their path, the young people who are brought here at children by parents that military service and schooling could be part of it and high-tech, those would graduate with ph.d.'s and others in the high technology, wet a way to keepm in the united states. >> senator schumer pointed out @%u like to get g right away, and he said maybe day one we can moveas soon as its rough the senate and passes the house. my concern sir, tell me where i am wrong, i happensthat quickly, will we have a flood of illegals coming across the border to beat the clock saying ive to get there
the background check, pay fine and taxes and stay legally while applying for green card and eventualual citizenship. the latest fox news poll show 55% favor citizenship. 13% support guest worker program but only limited time. >> immediately when the bill passes people in the shadows would get a legal right to stay here and work. they would no longer be supported provided they don't have a criminal record. >> president obama was chastised for not pushing immigration reform in the first term. there is growing support now but it won't be easy. the lawmakers love to say the devil's in the details. a debate and discussion is now beginning. >> bret: much more with the panel. bump in the road on wall street. dow was down 14 after six straight winning sessions. the s&p 500 was off three. nasdaq gained five. durable goods orders were up 4.6% in december. >> led by surge in military aircraft sales. what does this mean for you? wendell goler. >> the dow jones/industrials closing in on the prerecession high of 14,164 set in october of 2007, the standard & poor's index passed its high point. the sto
the super bowl . >>> all right 6:24. a series of robberies. >>> and get ready to file on time the 2013 tax season >>> good morning, i'm mike haiduk,. >> a beautiful pick of the capital there. i'm jessica doyle in for andrea roane. we want to begin with weather delays. all federal employees asked to remain off the roads until 10:00 this morning. federal offices will not open until noon. >>> be sure to download the wusa 9 app for the ipad. >> on top you are going to see cancellations. when you see your school, you are going to click on the star. you are favoriting your school, so the next time the school was closed, it will pop upright away. that way you don't have to scroll through all the schools. >>> here's howard with your forecast. you can see him live streaming on this. >> reporter: good morning, checking out some of our patio furniture here on the weather. a glaze of ice, parts of it are cold enough to support that. north of town, we are just a little bit colder in spots, you have more of this even reports of a quarter inch of sleet. let's talk about our catastrophe we are starting ou
that a little bit more? there was a concern by the executives. they want to be able to get the salaries tax-deferred. eventually there is a little code put into the tax called the 401k and these high and executives get the right to put their money aside on tax-deferred basis. no one thinks anything of this except for one man who and he sees that why can this be all of us and he gets the administration to agree with his viewpoint on this in the early 1980's. the next part which almost nobody foresaw is the idea that we demand that we don't have to give people pensions, dewey? the 401k could substitute and this is where the corporate cost cutters began and they say even if you are going to match at 3% or 6% is a lot cheaper than funding the pension. besides a lot of people won't find out any way is so don't worry about that but surely over a period of many years, the numbers drift out to where we are today. >> host: this is all happening when the stock market was just waging in the 80s and 90s and people thought there were going to get 25% returns a year. >> guest: there is the opposition exc
things with economic reform but tax reform, immigration reform. i don't have a crystal ball but i think that there is little doubt that the president would be willing to compromise if the other party is willing to meet him part of the way. but the other party's job is to see how much it can get for its side and given the issues that we have been through such as the fiscal cliff, the fact is there's no way out of the issues without compromise but i do think that we will see compromise on something like immigration reform because demographics is destiny and the republicans as well as the democrats recognize that they have to share some support for the immigration reform if they are not going to in the case of the republicans lose the span of the population permanently. to the republican party. so, the president has already i believe shown a willingness to compromise, and all of the data shows that the republicans are the party that has moved to the right and the left although both parties are extreme, so i feel that we are going to see the president because he won the election to be tough
finance minister started an initiative on this that this year g8 will look at tax evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to introdiscuss deuce this -- introduce this as well, otherwise a new imbalance here. through better regulation of banks, the capital that they need to the capital reserves that they need to have, we also see moral hazard in the sense that people increasingly seem to fly into the shadows of shadow banking. we were at one in saying when we agreed this at the g20 and the thought that every financial instrument, um, every financial be product, every financial market needs to be placed in regulation. we are very far from that. i
government bonds. officials estimate tax revenues will top $473 billion. that's slightly higher than the $470 billion they expect to bring in through new government bonds. it would be the first time in four years that tax revenue exceeded the amount of new bonds. >>> members of abe's cabinet will approve those draft budgets on tuesday. >>> now let's get a check on japan's markets. nikkei closed sunday at a 1% high. and the dow jones industrial average ending the week with more than a 5% high. with remarks about how the market is reacting, we have ramin mellegard at the tokyo stock exchange. walk us through some of the key events. >> a lot of key events this week. good morning to you, ai. not only will we get a continuation of the earnings in u.s. this week, but also here in japan we'll get a stream of earnings reports starting as well. it's going to be very interesting to see how the weakening of the yen will play into those numbers. let's have a look at the opening levels on this monday, january 28. the nikkei 10,948. it actually hit 11,000 at one point, and that's the first time since april
it civilly would be a local scaled acceleration of affordable tax and co generation of energy efficiency and other local renewable demand site resource as far as the conceptual approach and the product definition this is seasonally what was referred to in the industry as energy as a service and that means that you get out of the old kilowatt hour paradigm that goes back to the 1930's where you are selling hours of power into a service approach where you are standard dyeing on site affordable tax and building retrofits as standard components of that service we focus on a no money down approach to energy efficiency and renewables this would not only require any kind of a late premium to the customers but a rate discount for those customers and is so energy efficiency with a discount and no money down and that is product differentiation that p g and e does not offer and utilities do not offer but we are uniquely poised to offer. this would apply to both the business community as well as residential customers. and so, as far as the approach to development we are really recommending an integr
angie. tax prep is becoming pricier. last year, the cost to prepare a 1040 form with itemized deductions and a state tax return was up 6%, to $246, according to a survey. the price for forms without deductions is up 12%, to $143. high rent and labor costs drove up the price in pacific states such as california and washington. an accountant with specialties in certain areas like small business can help lower costs or produce a higher refund. some people will spend whatever it takes to stay warm this winter. try this on for size - it's a $2,400 men's down jacket made by german skiwear specialist bogner. and it's practically sold out! the faux leather coat is water repellent. the hood is an additional $300. quentin tarantino's "django unchained" is receiving praise from the academy; however, it is catching flack from ebay. the site has banned the sale of django action figures. ebay says the figures violate its offensive materials policy, which ban items that are intolerant toward race or religion. the film, which depicts slavery in the south, has been criticized for its heavy use of racial
figures for january. >>> irs will be beginning accepting 2012 tax returns because of changes to the tax law to avoid starting tomorrow. >>> fans of the as are pulling for a big 49er win. the as sold out fanfest at oracle. it seems like no matter who your team is, everyone is pulling for the 49ers. >> i have a good feeling. more of a baseball fan but rooting for the bay and i don't think the 9ers are going to disappoint. >> next sunday i want 9ers to take it. kaep is a local boy. >> last season was as best in almost a decade. they lost to the tigers in the post-season. spring training starts in a couple of weeks in arizona. >>> it is 4:51. the next generation of super bowl players may be right here in the bay area. and the peanut sized league rooting the 9ers down in the big easy. >> i'm michelle griego live in new orleans. we're taking in all of the sights and sounds of the crescent city learning so much about it from the local residents here. find out coming up what they say what makes new orleans new orleans. early to start thinking about the s
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